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Parker buys pneumatics specialist, KV Automation

02 November, 2007

Parker Hannifin has bought the Milton Keynes-based pneumatics manufacturer Kay Pneumatics Ė better known as KV Automation Ė for an undisclosed sum. KV, which makes valves, cylinders and precision electropneumatic control systems, will join Parkerís automation group and is expected to be accretive to its earnings in the first full year of operations.

KV, founded in 1966, has manufacturing plants in the UK, India and the US, as well as operations in China, France, Italy, Malaysia, Singapore, Spain, the Netherlands, Thailand, and the United Arab Emirates. Its sales during the year ending April 2007 were worth around $43m.

Parker says that KV will continue to offer rapid prototyping services, designing and manufacturing integrated electropneumatic and electro-fluidic systems for specific customer applications. Typical examples include bus door actuators, emergency ventilator modules for medical use, and pressure regulation systems used in semiconductor production.

"We are very excited to welcome the KV team to Parker`s Automation Group," says the groupís president, Roger Sherrard. "Their innovative, systems-driven culture of more than 40 years complements our own, and strengthens our industry expertise in key markets. These extensive capabilities, already well aligned with our global target markets, will allow us to bring even more value our customers."

"We have been aware of Parker as the motion and control leader for quite some time," adds KVís managing director, Tony Cersell. "Our internal discussions determined that a candidate to acquire KV must be an industry leader of high reputation, able to leverage our pneumatic technology integration strengths, embrace our culture and work ethic, and demonstrate a human resources ability to provide career development opportunities to KV employees. We are pleased that Parker meets all of those expectations."




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